Southern Co (SO)
OvervaluedFundamental
51
Price
$92.89
Market Cap
$103.98B
Part 1 · What the company is worth
Overview
The Southern Company, through its subsidiaries, engages in the sale of electricity. The company offers electric service to retail customers and wholesale customers; and energy-related products and services to natural gas choice markets. It also develops, constructs, acquires, owns, operates, and manages power generation assets, as well as battery energy storage projects; sells electricity at market-based rates in the wholesale market; and deploys microgrids for commercial, industrial, governmental, and utility customers. In addition, the company is involved in the distribution of natural gas in Illinois, Georgia, Virginia, and Tennessee; distributes energy and resilience solutions; and invests in telecommunications. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$30.18B
Trailing 12 months (through 3/31/2026)
Net Income
$4.36B
Trailing 12 months (through 3/31/2026)
Free Cash Flow
$-2.94B
Total Equity
$36.02B
Total Liabilities
$116.85B
Current Ratio
0.65
Interest Coverage
-
Debt/EBITDA
5.71
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$68.94
Current Price
$92.89
Margin of Safety
-34.7%
Fair Value Range
$47.25 - $90.63
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
23.76
ROE
12.1%
P/B Ratio
2.62
P/FCF
-
Gross Margin
-
ROIC
4.1%
Profitability Radar
Value Creation (Economic Moat)
ROIC
4.1%
WACC
4.6%
ROIC − WACC
-0.6 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamental Analysis Criteria
Passed (14)
- EPS shows upward trend
- Price CAGR 6.15%
- P/B ratio 2.62
- Debt/equity ratio
- Operating margin 24.2%
- Debt/EBITDA
- Return on tangible assets
- Low reliance on intangibles
- ROE 12.6%
- Revenue growth 5Y 7.5%
- Earnings surprise, average 2.9%
- Earnings quality (operating cash flow / net income) 2.24
- Share dilution 0.4%
- Piotroski F-Score 5/9
Failed (8)
- EPS CAGR 3.06%
- ROIC 4.1%
- Positive free cash flow
- Current ratio
- Price below Graham Number
- DCF valuation (Overvalued)
- PEG ratio 3.81
- Net margin trend 14.5% vs 16.7%
Unavailable (5)
- Gross margin –
- P/FCF –
- Dividend payout –
- CapEx intensity
- Interest coverage
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Share count is stable
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Christopher C. Womack | CEO, President & Chairman | 67 |
| Mr. David P. Poroch | Executive VP & CFO | 55 |
| Mr. Stanley W. Connally Jr. | Executive VP & COO | 56 |
| Mr. Daniel S. Tucker | Senior Advisor | 55 |
| Ms. Kimberly Scheibe Greene | Chairman, President & CEO of Georgia Power | 59 |
| Mr. J. Jeffrey Peoples | Chairman, President & CEO of Alabama Power Company | 65 |
| Mr. Matthew M. Kim | SVP, Comptroller & Chief Accounting Officer | - |
| Mr. Greg MacLeod | Director of Investor Relations | - |
| Mr. Sterling A. Spainhour Jr., J.D. | Executive VP & Chief Legal Officer | 56 |
| Ms. Sloane N. Drake | Executive VP & Chief Human Resources Officer | 48 |
Audit Risk
5
Board Risk
5
Compensation Risk
1
Shareholder Rights Risk
1
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-19
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-30
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-10-22
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much SO moves, measured on its daily prices.
More volatile than 3% of the tracked stocks (90-day volatility).
- Volatility 30d
- 20.1%
- Volatility 90d
- 18.0%
- Beta vs S&P 500 (1y)
- -0.24Correlation -0.17
- Max drawdown (12m)
- -16.9%
- ATR (14d, % of price)
- 1.71%
Earnings reactions
How SO moved around its past quarterly results.
Next earnings release
Nov 5, 2026 · In 12 days · Before the open
EPS estimate: 1.71Revenue estimate: $8.4B
What usually happens
- Over the last 12 releases the stock moved a median of 1.7% the next day, up or down.
- Next-day moves: up 8, down 4 (out of 12).
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026 | During the session | 1.03 | 1.13 | +9.6% | +1.2% | -1.8% | -3.1% |
| Apr 30, 2026 | During the session | 1.25 | 1.32 | +5.9% | +1.1% | +3.4% | 0.0% |
| Feb 19, 2026 | During the session | 0.59 | 0.55 | -6.9% | +4.9% | +4.4% | +5.4% |
| Oct 30, 2025 | During the session | 1.55 | 1.60 | +3.1% | -0.5% | +1.7% | -2.2% |
| Jul 31, 2025 | During the session | n/a | n/a | n/a | 0.0% | -0.4% | -0.2% |
| May 1, 2025 | During the session | n/a | n/a | n/a | +0.6% | -0.5% | +0.2% |
| Feb 20, 2025 | During the session | n/a | n/a | n/a | -2.3% | +1.5% | +2.6% |
| Oct 31, 2024 | During the session | n/a | n/a | n/a | +1.5% | +1.9% | -2.2% |
| Aug 1, 2024 | During the session | n/a | n/a | n/a | +0.5% | +4.8% | +4.5% |
| May 2, 2024 | During the session | n/a | n/a | n/a | +0.7% | +1.1% | +4.2% |
| Feb 15, 2024 | During the session | n/a | n/a | n/a | -1.1% | -1.4% | -0.8% |
| Nov 2, 2023 | During the session | n/a | n/a | n/a | -1.5% | +2.5% | +0.2% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on SO and what the price did next.
- 3/6/2026NegativeSouthern Stock: A Deep Dive Into Analyst Perspectives (13 Ratings)
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
- 2/25/2026PositiveUS Closes $26.5 Billion in Financing for Southern Co. Utilities
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for SO.
- 3/6/2026NEGATIVESouthern Stock: A Deep Dive Into Analyst Perspectives (13 Ratings)
Southern Company (SO) has seen a series of analyst actions, with Morgan Stanley maintaining an Underweight rating in February 2022. Additionally, B of A Securities downgraded the stock from Buy to Neutral during the same period. These actions suggest a cautious or negative outlook from key financial institutions, potentially indicating concerns about future performance or valuation. Investors should note these downgrades as potential indicators of headwinds for the utility company.
- 2/25/2026POSITIVEUS Closes $26.5 Billion in Financing for Southern Co. Utilities
The Trump administration has finalized a $26.5 billion loan package for Southern Company's subsidiaries, earmarked for new gas and hydropower projects across Georgia and Alabama. This substantial financing represents a robust capital injection for the utility giant, securing the economic backing for strategic initiatives poised to bolster its production capacity and financial stability. The closure of such a significant, government-supported deal mitigates capital risks associated with long-term infrastructure projects and paves the way for future growth opportunities within the utility sector. Investors should view this as a positive indicator, solidifying Southern Company's market position and potentially enhancing long-term shareholder value.